Carnival Corporation reports “strong finish to a record year”

Carnival Corporation CEO Josh Weinstein: ““Revenues hit an all-time high .”

“This has been an incredibly strong finish to a record year,” said CEO Josh Weinstein as the world’s largest cruise company, Miami-based Carnival Corporation & plc, today reported financial results for the fourth quarter and full year 2024 and provided an outlook for the first quarter and full year 2025.

• Carnival full year revenues hit an all-time high of $25 billion, over 15 percent higher than the prior year, with continued strength in demand.
• Full year net income of $1.9 billion; adjusted net income1 of $1.9 billion outperforms September guidance by over $130 million.
• Record full year adjusted EBITDA1 of $6.1 billion, over 40 percent higher than the prior year.
• Record full year operating income of $3.6 billion, over 80 percent higher than the prior year.
• Adjusted return on invested capital1 (“ROIC”) of 11 percent.
• Record fourth quarter revenues of $5.9 billion, 10 percent higher than prior year, delivering record adjusted EBITDA.
• Cumulative advanced booked position